Current Year

While they didn't match the growth of The Am Law 100, Second Hundred firms—those ranked 101 to 200 on The American Lawyer's list of the nation's top grossing firms—chalked up gains in a tough environment in 2014. Overall, gross revenue was up 2.1 percent, revenue per lawyer climbed by 3.25 percent, and profits per equity partner improved 5 percent.

Thanks in part to a deluge of dealmaking, gross revenue was up 4.3 percent and profits per equity partner were up 5.4 percent among global firms, though revenue per lawyer was flat. It's still a challenging environment out there.

In this year's edition of The American Lawyer's annual Summer Associates Survey, the 3,645 would-be lawyers who completed the poll said they were highly satisfied with their experience at the 135 firms where they spent the summer, with Foley Hoag and Choate Hall & Stewart earning the top marks.

A new challenge is keeping law firm technology directors up at night: protecting against cyberattacks—and convincing clients that the firm is doing this job well. As The American Lawyer's 18th annual survey of law technology reveals, concerns about data security—always a top-minded issue for law firms—have never been greater.